To gauge governments’ contingent liabilities behind banking systems, we employ: Sovereign ratings (SOVBD); bank’s financial strength ratings (assessing solidity without external support; BFSR); bank’s overall credit ratings (government support reduces default probabilities; BDCR). We find: 1) BDCR and SOVBD are positively correlated, much more in developing countries, where sovereign guarantees...

In this dissertation we present an overview of the proposals of the International Accounting Standards Board for measurement of insurance assets and liabilities at market value. The Board has not yet finalised a standard for insurance contracts, but a Draft Statement of Principles has been published, providing indication of how fair value accounting will be implemented. We focus on life insuran...

Alerts clergy and pastoral counselors to the role of child abuse reporting requirements in their pastoral care and counseling ministries. Outlines the rationale for child abuse reporting statutes, noting particularly the "spiritual healing exception"; and explains how penalties can be imposed for those who fail to comply with statutes.

In the barrier option model of corporate security valuation, firm’s creditors impose a default-triggering on firm value to protect their claim. Two disputed issues in literature are whether implied default is positive, and it above or below book liabilities. We extend Brockman Turtle (2003) by embedding asset payouts valuation shareholders’ equity. Using sample US stocks from NYSE, AMEX, NASDAQ...

Investment is essentially placing some funds at present with the expectation of future profits. The basic thing that an investor needs to know there a risk follows profit/return. In determining proper allocation funds, consider company's assets and liabilities. Company can be in form shares, property, others. Meanwhile, liabilities include debts other obligations. One sectors whose company valu...

the main purpose of this paper is prediction of tse corporate financial bankruptcy using artificial neural networks. the mean values of key ratios reported in past bankruptcy studies were selected for neural network inputs (working capital to total assets, net income to total assets, total debt to total assets, current assets to current liabilities, quick assets to current liabilities). the neu...

The new millennium has witnessed a rapid expansion of external balance sheets and significant changes in the capital, currency sectoral compositions foreign assets liabilities emerging economies. These have created channels transmission global financial shocks amplified susceptibility value their outstanding stocks gross to conditions, leading sizeable wealth transfers between advanced They als...